Frontera Energy (TSE:FEC) Trading Up 35.1% – Time to Buy?

Frontera Energy Co. (TSE:FEC) shares rose 35.1% on Friday . The stock traded as high as C$8.99 and last traded at C$8.89. Approximately 198,964 shares traded hands during mid-day trading, an increase of 331% from the average daily volume of 46,156 shares. The stock had previously closed at C$6.58.

Frontera Energy Price Performance

The firm has a 50 day moving average price of C$6.32 and a 200 day moving average price of C$5.97. The stock has a market capitalization of C$653.63 million, a PE ratio of -1.65, a price-to-earnings-growth ratio of 0.06 and a beta of 0.08. The company has a current ratio of 0.92, a quick ratio of 0.72 and a debt-to-equity ratio of 29.63.

Frontera Energy (TSE:FEC) last posted its quarterly earnings data on Friday, November 14th. The company reported C$0.38 EPS for the quarter. Frontera Energy had a return on equity of 5.40% and a net margin of 8.57%.The firm had revenue of C$358.20 million for the quarter. Research analysts anticipate that Frontera Energy Co. will post 1.648374 earnings per share for the current year.

Frontera Energy Company Profile

Frontera Energy Corp is a Canadian-based company engaged in the exploration, development, and production of crude oil and natural gas reserves in South America. It operates in five segments: Colombia, which includes all upstream business activities of exploration and production in Colombia; Peru; Ecuador & others, which includes all upstream business activities of exploration in Ecuador, the corporate office in Canada, and non-operating entities that have been aggregated; Guyana segment includes all offshore upstream business activities; and Midstream segment includes company’s investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.